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About DXY
DXY tracks a U.S. dollar basket index, measuring the value of the U.S. dollar against six major foreign currencies: the euro, Japanese yen, British pound, Canadian dollar, Swedish krona, and Swiss franc.
DXY aggregates listings across every venue CoinBeaver tracks. Prices blend synthetic perpetual markets and do not represent ownership of the underlying shares, ETFs, commodities, or cash instruments. Educational market data only — not investment advice.
Sector tags: FX.
Frequently Asked Questions
- Does trading DXY give me actual currency I can withdraw?
- No. DXY is a synthetic perpetual with no delivery mechanism — no actual currency changes hands. It gives price exposure to the index level only; positions are opened, margined, and settled in USDC.
- Which currencies make up the DXY basket?
- DXY measures the U.S. dollar against six major foreign currencies: the euro, Japanese yen, British pound, Canadian dollar, Swedish krona, and Swiss franc. The euro carries the largest weight of the six, so DXY tends to move most closely with EUR/USD, even though the other five currencies also contribute.
- How is DXY different from other names, like EUR?
- DXY tracks a basket index measuring the dollar against six currencies at once. EUR, by contrast, tracks a single currency pair, EUR/USD — one of the six inputs to the DXY basket, but not the whole basket.
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